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Abans Holdings IPO is a book build issue of ₹345.60 crores. The issue is a combination of fresh issue of 0.38 crore shares aggregating to ₹102.60 crores and offer for sale of 0.90 crore shares aggregating to ₹243.00 crores.
Abans Holdings IPO bidding started from Dec 12, 2022 and ended on Dec 15, 2022. The allotment for Abans Holdings IPO was finalized on Dec 20, 2022. The shares got listed on BSE, NSE on Dec 23, 2022.
Abans Holdings IPO price band is set at ₹270.00 per share . The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,080 (55 shares). The lot size investment for sNII is 14 lots (770 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (3,740 shares), amounting to ₹10,09,800.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Abans Holdings IPO RHP for detailed Information.
| IPO Date | December 12, 2022 to December 15, 2022 |
| Listing Date | December 23, 2022 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹256 to ₹270 per share |
| Issue Price Final | ₹270 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,28,00,000 shares (aggregating up to ₹345.60 Cr) |
| Fresh Issue | 38,00,000 shares (aggregating up to ₹102.60 Cr) |
| Offer for Sale | 90,00,000 shares of ₹2 (aggregating up to ₹243.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,63,45,950 shares |
| Share Holding Post Issue | 5,01,45,950 shares |
Abans Holdings IPO offers total 1,28,00,000 shares. Out of which 12,80,000 (10.00%) allocated to QIB, 38,40,000 (30.00%) allocated to NII, 76,80,000 (60.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 12,80,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 38,40,000 (30.00%) | NA |
| − bNII > ₹10L | 25,60,000 (20.00%) | 3,324 |
| − sNII < ₹10L | 12,80,000 (10.00%) | 1,662 |
| Retail Shares Offered | 76,80,000 (60.00%) | 1,39,636 |
| Total Shares Offered | 1,28,00,000 (100.00%) |
Abans Holdings IPO opens on December 12, 2022, and closes on December 15, 2022.
| IPO Open Date | Mon, Dec 12, 2022 |
| IPO Close Date | Thu, Dec 15, 2022 |
| Tentative Allotment | Tue, Dec 20, 2022 |
| Initiation of Refunds | Wed, Dec 21, 2022 |
| Credit of Shares to Demat | Thu, Dec 22, 2022 |
| Tentative Listing Date | Fri, Dec 23, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 15, 2022 |
Investors can bid for a minimum of 55 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,850 |
| Retail (Max) | 13 | 715 | ₹1,93,050 |
| S-HNI (Min) | 14 | 770 | ₹2,07,900 |
| S-HNI (Max) | 67 | 3,685 | ₹9,94,950 |
| B-HNI (Min) | 68 | 3,740 | ₹10,09,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2009, Abans Holdings Limited is engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development and Real Estate. The company represents the financial services arm of the Abans Group.
Abans Holdings Limited provides NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth clients.
The company's business is divided into:
Finance Business: The company operates an RBI Registered NBFC (Non-Deposit taking).
Agency Business: The company is SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX and ICEX.
Capital and other Business: The Capital Business includes the internal treasury operations which manage the excess capital funds.
The company is primarily a holding company and we operate all our businesses through our seventeen (17) subsidiaries (including three (3) direct subsidiaries and fourteen (14) indirect/step-down subsidiaries). The company has active businesses in six (6) countries across the Eastern Continents, including Hongkong, the UK, UAE, China, Mauritius and India.
On a consolidated basis the company has employed 100 employees as of August 31, 2022.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 1212.98 | 2771.88 | 39.22 | 499.55 | 318.79 |
| 31-Mar-21 | 1181.51 | 1331.37 | 45.8 | 561.95 | 267.39 |
| 31-Mar-22 | 1168.69 | 646.23 | 61.97 | 631.11 | 85.9 |
| 31-Aug-22 | 1230.72 | 288.31 | 29.74 | 678.17 | 76.92 |
| Amount in ₹ Crore | |||||
The market capitalization of Abans Holdings IPO is ₹1353.94 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18.96 |
The Objects of the Net Fresh Issue is to raise funds for :
a) Further Investment in the NBFC Subsidiary (Abans Finance Pvt. Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
b) General Corporate Purpose.
[Dilip Davda] Based on its recent financial performance, the issue is priced aggressively. It is operating in a highly competitive segment of financial services. IPO allocation of just 10% for QIBs, 30% for HNIs, and 60% for Retail investors raises concern. Well-informed, cash surplus/risk seekers may consider parking funds. Read detail review...
| Listing Date | December 23, 2022 |
| BSE Script Code | 543712 |
| NSE Symbol | AFSL |
| ISIN | INE00ZE01026 |
| Final Issue Price | ₹270 per share |
| BSE Listing Group | B |
Abans Holdings Ltd.
36, 37, 38A
Floor 3, Nariman Bhavan, Backbay Reclamation,
Nariman Point, Mumbai – 400021
Nariman Point, Maharashtra
Phone: +91 – 22 – 6179 0000
Email: compliance@abansholdings.com
Website: https://abansholdings.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Abans Holdings IPO is a main-board IPO of 1,28,00,000 equity shares of the face value of ₹2 aggregating up to ₹345.60 Crores. The issue is priced at ₹270 per share. The minimum order quantity is 55.
The IPO opens on December 12, 2022, and closes on December 15, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Abans Holdings IPO using UPI as a payment gateway. Zerodha customers can apply in Abans Holdings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Abans Holdings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Abans Holdings IPO opens on December 12, 2022 and closes on December 15, 2022.
Abans Holdings IPO lot size is 55, and the minimum amount required for application is ₹14,850.
You can apply in Abans Holdings IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Abans Holdings IPO will be done on Tuesday, December 20, 2022, and the allotted shares will be credited to your demat account by Thursday, December 22, 2022. Check the Abans Holdings IPO allotment status.
The Abans Holdings IPO listing date is on Friday, December 23, 2022.
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